full fix and flip with a lot of upgrades

[Christopher Spahr]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $240,000
Cash invested: $50,000
Sale price: $330,000

Full rehab. Took out non load bearing walls to open up. We moved a wall to make kitchen bigger. Complete new kitchen including cabinets, quartz counter tops, under mount sinks, appliances, new lighting, laminate wood flooring , tile in bathrooms, carpet in bedrooms, frame less glass shower with new tile, full interior and exterior paint, landscaping.

What made you interested in investing in this type of deal?

The price and the fact that it was on 4 acres

How did you find this deal and how did you negotiate it?

I found this deal through a real estate agent

How did you finance this deal?

Hard money

How did you add value to the deal?

removed walls and moved a wall

What was the outcome?

We did not make a lot as it took a while to sell

Lessons learned? Challenges?

It takes longer to sell a property that is in a rural location